Constellation Brands - STZ Stock Forecast, Price & News

Constellation Brands, Inc., together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. It provides beer primarily under the Corona Extra, Corona Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands. The company offers wine under the 7 Moons, Cook's California Champagne, Cooper & Thief, Crafters Union, Kim Crawford, Meiomi, Mount Veeder, Ruffino, SIMI, The Dreaming Tree, Charles Smith, The Prisoner Wine Company, Robert Mondavi, My Favorite Neighbor, and Schrader; and spirits under the Casa Noble, Copper & Kings, High West, Mi CAMPO, Nelson's Green Brier, and SVEDKA brands. It provides its products to wholesale distributors, retailers, on-premise locations, and state alcohol beverage control agencies. Constellation Brands, Inc. was founded in 1945 and is headquartered in Victor, New York.

Constellation Brands Price Performance

NYSE:STZ traded down $0.68 on Monday, hitting $243.68. The stock had a trading volume of 15,422 shares, compared to its average volume of 1,030,481. Constellation Brands has a 52-week low of $207.35 and a 52-week high of $261.52. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.70 and a current ratio of 1.40. The company has a market capitalization of $45.03 billion, a price-to-earnings ratio of 36.91, a price-to-earnings-growth ratio of 2.07 and a beta of 1.02. The firm has a 50-day moving average of $241.16 and a 200-day moving average of $237.07.

Constellation Brands (NYSE:STZ - Get Rating) last issued its quarterly earnings results on Thursday, June 30th. The company reported $2.66 EPS for the quarter, topping analysts' consensus estimates of $2.51 by $0.15. The firm had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.16 billion. Constellation Brands had a net margin of 12.72% and a return on equity of 17.19%. The business's revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.33 EPS. Equities analysts expect that Constellation Brands will post 10.91 EPS for the current year.

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 24th. Investors of record on Wednesday, August 10th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Tuesday, August 9th. This represents a $3.20 annualized dividend and a yield of 1.31%. Constellation Brands's dividend payout ratio (DPR) is 14.05%.

Analyst Ratings Changes

Several research firms have weighed in on STZ. Barclays lifted their target price on Constellation Brands from $272.00 to $281.00 and gave the company an "overweight" rating in a research report on Tuesday, July 5th. UBS Group dropped their price objective on Constellation Brands from $285.00 to $270.00 and set a "buy" rating on the stock in a report on Tuesday, June 21st. Deutsche Bank Aktiengesellschaft lowered their target price on Constellation Brands from $248.00 to $240.00 and set a "hold" rating on the stock in a report on Friday, July 1st. The Goldman Sachs Group reissued a "buy" rating and issued a $275.00 target price on shares of Constellation Brands in a report on Wednesday, June 29th. Finally, StockNews.com upgraded Constellation Brands from a "hold" rating to a "buy" rating in a research report on Monday, June 20th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Constellation Brands has a consensus rating of "Moderate Buy" and an average target price of $272.19.

Insider Buying and Selling at Constellation Brands

In related news, insider Robert Sands sold 1,427,799 shares of the business's stock in a transaction on Friday, July 15th. The shares were sold at an average price of $242.81, for a total value of $346,683,875.19. Following the sale, the insider now owns 550,214 shares in the company, valued at $133,597,461.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Robert Sands sold 1,427,799 shares of the firm's stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $242.81, for a total value of $346,683,875.19. Following the transaction, the insider now owns 550,214 shares of the company's stock, valued at approximately $133,597,461.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel J. Mccarthy sold 1,682 shares of the firm's stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $246.79, for a total transaction of $415,100.78. Following the completion of the transaction, the director now directly owns 3,232 shares in the company, valued at approximately $797,625.28. The disclosure for this sale can be found here. Insiders have sold 1,612,813 shares of company stock valued at $391,613,819 over the last 90 days. 16.19% of the stock is currently owned by corporate insiders.